Overview / Commentary
301 E St
Baltimore, MD 21202

MECU is a Maryland-based credit union whose acronym stands for Municipal Employees Credit Union. Membership eligibility has expanded since its founding and includes consumers who live, work, or worship close to the Baltimore area. The credit union offers personal and business banking services, as well as insurance and investment planning guidance.

On the personal banking side, MECU makes depository products like checking, savings, money market, and CD accounts available, as well as lending products like mortgages, home equity lines, and vehicle loans. Checking account options all come with free online bill pay and direct deposit and differ based on interest and reward incentives. Several checking accounts offer ATM refunds, and one account offers cash back in exchange for debit card purchases. Savings account offers feature cash bonuses, and fees are waived on minors’ accounts. A teacher-designed savings account helps teachers save and plan for the summer months when there is no income stream. Money Market accounts have minimum initial deposit requirements and offer increased earnings for higher balances held. MECU’s Certificates of Deposit (CDs) and IRA CDs are available in term lengths that range from 9 to 60 months and offer flexible accounts that allow a penalty free withdrawal and/or a penalty-free rate bump.

MECU online banking provides a safe and secure way for members to access their accounts and transfer funds, check balances, pay bills, and update their account information. The credit union has also released mobile banking apps that make banking on the go convenient and easy from select smartphone and tablet devices.

MECU was established in 1936 to meet the banking needs of Baltimore’s municipal workers. Since then its membership has expanded, and the credit union serves it through multiple branches located in the Baltimore area, where its headquarters are located.

Field of Membership Restrictions

Membership in MECU Credit Union is open to anyone through joining the American Consumer Council through the credit union (must reside in Delaware, Maryland, Pennsylvania, Virginia, or Washington DC). Membership is also open to those who live, work, attend school, or worship in the City of Baltimore, Maryland and to employees of Dixie Manufacturing, Alter Communications and to over 100 Select Employer Groups in the Baltimore area.
See current membership details

Reviews (4)

One of the Better Credit Unions

Posted by: |

I have a credit union account with MECU of Baltimore and it has overall been a great experience. At MECU you will earn higher interest on your money on nearly every credit union I have researched which is a great thing being that will all ultimately want our money to grow. MECU has an abundance of financial products to help you with any economic goal you may want to obtain. The last major positive with this credit union is that they are devoid of many fees that other banks and credit unions often have. The only negative point I would like to make about MECU is that their website seems to be a little behind the times. It seems like they are able to offer such good rates and excellent financial products at the expense of having a prehistoric website. Nevertheless, I have decided that this is an awesome place to invest my money and I will be a member for a very long time. Anyone who is looking for a place to put their money should definitely look into MECU of Baltimore to see if they are eligible.

Lack Of Appreciation For Good Customers

Posted by: |

My recent interactions with MECU have been awful. They lack responsiveness to customers that have paid their loans on time and basically been good customers. While the offer competitive rates for car loans etc. the continued interactions with the company will not be a positive one. It might be best to shop around before entering into a relationship with this credit union.

Scam And Rudeness

After being a customer for 14 years, I have finally had enough of being ripped off by excessive fees. The folks that run MECU are the same folks that have run the city of Baltimore into the ground. I'm tired of rude employees as well, I will be taking my business else where! The rudeness goes all they say to the top, they act like they're doing you a favor! Done! As the last person put it they dont even deserve a one star rating!


Posted by: |


I have been a Full member over a month now, and prior to doing this, I have been exposed to rude, and unprofessional employees at the Dundalk location. I began to work with the Branch Manager for my business, but this past weekend there were no branch managers on duty, so I was forced to go to the tellers. There was a teller on loan from her main facility, and she gave me attitude, refused to accept my deposit checks for my Mother, who is on my account; plus she constantly rolled her eyes, and did not say thank you or anything. So with that said, I will be moving my account to another Credit Union ASAP.I have left messages for either branch managers to contact me so I can get the process completed. I will NEVER do business with MECU again, and neither will any of my friends, family or co-workers.

You need to get your employees in line or give them their PINK SLIPS. (They don't even deserve a 1 star rating).


Health Grade Components

NCUA #66787
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.23%
Return on Equity - YTD2.57%
Annual Interest Income$50.1MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$1.3B$1.32B
LoansQ4 2023vs Q4 2022$828.5MM$787.1MM
DepositsQ4 2023vs Q4 2022$1.08B$1.16B
Equity CapitalQ4 2023vs Q4 2022$118.4MM$107.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$11.1MM$11.7MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$13.1MM$12.9MM
Real Estate OwnedQ4 2023vs Q4 2022$150K$300K
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Always verify rates and promotions with the bank or credit union. We are not MECU; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

MECU Savings Account Rates

0.10%$5-Share Savings
0.10%$5-Holiday Savings
0.10%$25-Traditonal IRA Savings
0.10%$25-Roth IRA Savings

MECU Money Market Rates

0.75%*$500k*-Premier Money Market
OTHER TIERS: 0.20% $500 - $10k | 0.30% $10k - $50k | 0.40% $50k - $100k | 0.55% $100k - $500k
0.40%*$100k*-Money Market Account
OTHER TIERS: 0.20% $500 - $10k | 0.25% $10k - $25k | 0.30% $25k - $75k | 0.35% $75k - $100k

MECU Checking Account Rates

0.03%$25-Basic Checking


5.15%$5k-8 Month CD Special - New Money
4.75%$500-6 Month CD
4.50%$500-9 Month CD
4.25%$500-24 Month CD
4.00%$500-12 Month CD
3.75%$5k-11 Month SuperFlex CD
3.50%$500-18 Month CD
3.25%$500-36 Month CD
3.15%$500-48 Month CD
3.15%$500-60 Month CD
2.90%$500-60 Month Bump-Up CD
2.80%$500-48 Month Bump-Up CD
2.75%$500-36 Month Bump-Up CD
2.50%$500-24 Month Bump-Up CD


4.75%$500-6 Month IRA
4.50%$500-9 Month IRA
4.05%$500-60 Month IRA
4.00%$500-12 Month IRA
3.50%$500-18 Month IRA
3.40%$500-24 Month IRA
3.25%$500-36 Month IRA
3.15%$500-48 Month IRA
2.90%$500-60 Month Bump-Up IRA
2.80%$500-48 Month Bump-Up IRA
2.75%$500-36 Month Bump-Up IRA
2.50%$500-24 Month Bump-Up IRA

MECU Locations
Branch Office1 South StBaltimore, MD 21202
Branch Office2337 E Northern PkwyBaltimore, MD 21214
Branch Office5910 Baltimore National PikeCatonsville, MD 21228
Branch Office312 Martin Luther King Jr BlvdBaltimore, MD 21201
Branch Office8507 Loch Raven BlvdBaltimore, MD 21286
Branch Office7220 Holabird AveDundalk, MD 21222
Branch Office1777 Reisterstown RdPikesville, MD 21208
Branch Office4801 Seton DrBaltimore, MD 21215-3211
Branch Office8700 Liberty RdRandallstown, MD 21133-4706

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